President Barack Obama says BP's successful capping of the Gulf of Mexico oil spill is "good news." But even though the new cap seems to be holding, Obama says the job isn't finished. He says "we won't be done until we actually know that we've killed the well and that we have a permanent solution in place."
Obama says testing continues to determine whether the temporary cap can stay in place and be used to permanently stop the flow of oil. If not, the cap and other devices will be used to capture most of the oil, up to 80,000 barrels a day, until a relief well is completed. The relief well is seen as the permanent solution to the disastrous oil spill.
July 16, 2010 12:11 p.m.